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Questions -
Q1) The market price for the product has been $ 50 per unit, but competitive pressures have reduced the market price to $ 45. The firm manufactures 10,000 of these products per year at a manufacturing cost of $ 38 per unit (including $ 22 fixed cost and $ 16 variable cost per unit). Other selling and administrative costs for the product are $ 8 per unit. What is the firm's target manufacturing cost for this product if the profit per unit is to remain unchanged?
Q2) Comdex Inc. manufactures parts for the telecom industry. One of its products that currently sells for $160 is now facing a new competitor that offers the same product for 140$. The parts currently cost comdex $130. Comdex believes it must reduce its price to $140 to remain competitive, What is the target cost of the product if comdex desired a 25% profit on sales dollars?
the city of mcneely sold bonds in the amount of 10000000 to finance the construction of a public health center.the
In the month of June, a department had 20,000 units in beginning work in process. How many units were transferred out of the process in June?
Victory Company uses weighted-average process costing to account for its production costs. Determine the equivalent units of production
The Coffe Club sells specialist coffee drinks from a rented cart on the beachside on the Gold Coast. Calculate the contribution margin ratio
What amount should Abby and Co. report as adjusted beginning retained earnings in its 2011 statement of retained earnings
1. Though the World Trade Organization (WTO) has officially existed since 1975, the foundation for the rules in this trading system originates in the GATT. 2. A market economy most often refers to an economic system that is under comprehensive con..
What is the Comers' tax liability for 2018 if they report the following capital gains and losses for the year?Short-term capital gains -$9,140.
If the production volume were expected to be 22,000 units for the month of November, what amount of total costs would be expected
To complete the exchange, Company B paid Company A $15,000 cash. Determine the fair market value of Company B's tractor on the date of the exchange
Presented below is the adjusted trial balance of Vaughn Corporation at December 31, 2017. Prepare a classified balance sheet as of December 31, 2017.
Freezer due to the failure of Tasty Bhd to pay the installments. Discuss the accounting treatments in the book of Indera Bhd on the repossession date.
periodic inventory system and inventory costing methodsin chronological order the inventory purchases and sales of a
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